New State Initiative Targets Utah’s Housing Ownership Gap

By Kyle Koller

Producing Branch Manager of UMortgage West - The #1 Producing Team at UMortgage

Have you ever wondered if Utah will finally do something about the housing crisis that actually works?

This is not just another empty press release. The state is putting 300 million dollars into a housing initiative that might actually move the needle. The plan is to build condos for 300,000 dollars or less and sell them near cost to people who have been priced out of the market for years.

This is one of the first real attempts I have seen to tackle the ownership gap without all the usual fluff.

These condos are expected to be priced at or below 350,000 dollars. More importantly, they are built specifically for homeownership. These are not just more “rent traps” designed to keep you paying a landlord forever.

The initiative focuses on first-time and lower-income buyers. While developers still face some major roadblocks, the level of state support we are seeing could finally make this happen.

If you are tired of the rent cycle or know someone who is, this might be the opportunity you have been waiting for. Reach out and let us talk strategy.

You can book a free call with me using the link below:

Schedule a 1:1 call with Kyle

You can also reach me at (801) 687-2018 or kkoller@umortgage.com. This is a big step toward making the dream of owning a home a reality again in our state.